MMP stock: buy or sell?
May 20th, 2019
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.
Should I buy MMP stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Check the only buy setup that matches with Magellan Midstream Partners stock now:
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||Yes|
|100d MA crossing up 200d MA||No|
Is Magellan Midstream Partners stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 7 ratings published for MMP stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-26||LADENBURG THALM/SH SH||n/a||Buy|
|2019-2-27||Bank of America||Buy||Neutral|
|2019-2-11||Credit Suisse Group||n/a||Neutral|
|2019-1-28||Jefferies Financial Group||Buy||Hold|
MMP stock analysis
Magellan Midstream Partners shares stayed stable 0.26% to $61.80 today.
Magellan Midstream Partners ended today at $61.80 and stayed stable a tiny 0.26%. On Wednesday MMP price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On March, SMA50d and SMA100d crossed up triggering a rise of 4.43%.
Magellan Midstream Partners ended this week at $61.80 and remained stable a tight 0.26%. With this, it's been 4 climbing weeks in a row, soaring a 2.38%.
Early May MMP price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
MMP stock price history
MMP IPO was on March 19th, 2001 at $0.74 per share1. Since then, MMP stock grew a 8,251.40%, with an average of 458.40% per year. If you had invested right after MMP's IPO a $1,000 in MMP stock in 2001, it would worth $82,514.00 today.
1: Adjusted price after possible price splits or reverse-splits.
MMP stock historical price chart
MMP stock reached 52-week highs on August at $69.43, and all-time highs 2017-02-15 with a price of 72.02.
MMP stock price target is $69.30Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' MMP stock price predictions in the hope that they will be met as they may be wrong and not met. We have 3 price predictions for Magellan Midstream Partners stock released in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-3-26||LADENBURG THALM/SH SH||Set Price Target||n/a||$75.00||-|
|2019-2-11||Credit Suisse Group||Reiterates||$76.00||$68.00||-10.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter posting its last earnings report on May 1st, Magellan Midstream Partners remained steady a slightly fine 1.31%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Magellan Midstream Partners annual revenues boosted an extraordinary 12.72% to $2,826.57 M dollars from $2,507.66 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) rocketed a 12.52% to 47.19%. To have an up to date view of the financial situation of Magellan Midstream Partners, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Magellan Midstream Partners TTM sales up to were $2,147.79 and income was $1,123.02 million USD. When comparing this TTM figures with the last reported annuality, we can review Magellan Midstream Partners business evolution since December 2018: Annual sales up to , compared to lastest yearly report, collapsed a dreadful -24.01%. By contrast, profit margin (net income/sales) soared at 47.19%.
|2013||$1,910 M||-||$582 M30.5%||-|
|2014||$2,304 M||20.61%||$840 M36.4%||44.19%|
|2015||$2,188 M||-5.00%||$819 M37.4%||-2.43%|
|2016||$2,205 M||0.77%||$803 M36.4%||-2.00%|
|2017||$2,508 M||13.70%||$870 M34.7%||8.32%|
|2018||$2,827 M||12.72%||$1,334 M47.2%||53.41%|
|TTM||$2,148 M||-24.01%||$1,123 M52.3%||-15.81%|
Quarterly financial resultsMagellan Midstream Partners posted M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked M with a profit margin of . Profit margin remained constant a 0.00% compared to previous quarter when profit margin was 36.28%. When comparing turnover to same quarter last year, Magellan Midstream Partners sales marked a spooky correction and plunged a -100.00%.
|2017-Q1||$613 M||-||$223 M36.3%||-|
|2017-Q2||$605 M||-1.33%||$210 M34.8%||-5.54%|
|2017-Q3||$573 M||-5.35%||$199 M34.7%||-5.66%|
|2017-Q4||$673 M||17.54%||$238 M35.3%||19.85%|
|2018-Q1||$679 M||0.81%||$211 M31.1%||-11.34%|
|2018-Q2||$644 M||-5.11%||$214 M33.3%||1.66%|
|2018-Q3||$638 M||-0.94%||$595 M93.2%||177.29%|
|2018-Q4||$866 M||35.68%||$314 M36.3%||-47.17%|
Magellan Midstream Partners ownershipWhen you are planning to invest in a company, it's worth to overview its ownership structure.
Magellan Midstream Partners shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.18% of all shares.
In case of Magellan Midstream Partners stock, 69.00% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MMP stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Magellan Midstream Partners:
|Market cap||$14.1 B||$46.0 M||$772.8 M||$2.9 B||$24.9 B|
|Total shares||228.4 M||40.7 M||24.4 M||105.4 M||794.4 M|
|Float shares||227.8 M||27.2 M||8.7 M||45.7 M||288.3 M|
|- Institutional holdings (%)||69.0%||36.5%||24.5%||32.6%||32.5%|
|- Insider holdings (%)||0.2%||10.1%||64.4%||57.0%||63.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, May 20th, 2019|
|Day range||$61.27 - $61.93|
|Average true range||$1.08|
|50d mov avg||$60.58|
|100d mov avg||$59.54|
|200d mov avg||$60.92|
Magellan Midstream Partners performanceTo measure stock performance is always good to compare with competitors or related stocks. We selected Blueknight Energy Partners, Delek Logistics Partners, Holly Energy Partners, , Nustar Energy, Plains All American Pipeline, Plains and as the bechmarking frame for Magellan Midstream Partners stock.
|DKLDelek Logistics P...||8.65%||8.54%||20.79%|
|HEPHolly Energy Part...||-4.17%||1.24%||1.76%|
|PAAPlains All Americ...||2.96%||16.77%||11.31%|
Magellan Midstream Partners competitorsOne check before trading any stock is to review a list of its competitors, in this case for Magellan Midstream Partners. We selected 8 companies as Magellan Midstream Partners competitors as they are in the same industry or have similar market objectives.
- Blueknight Energy Partners (BKEP)
- Delek Logistics Partners (DKL)
- Holly Energy Partners (HEP)
- Nustar Energy (NS)
- Plains All American Pipeline (PAA)
- Plains (PAGP)
Latest MMP stock news
- Seeking AlphaMagellan Midstream Partners: An Appealing MLPApril 8, 2019